Kensington Mortgages has introduced a range of rate cuts across its buy-to-let and residential ranges.
Rates have been cut by up to 0.3% across Kensington’s buy-to-let offering, with products now starting from 3.59% for a two-year fix at 75% loan-to-value (LTV) and 3.94% for a five-year fix rate.
Craig McKinlay, new business director at Kensington Mortgages, commented: “Our rate cuts reinforce our commitment to helping borrowers who are underserved and undervalued by high-street lenders and we’re confident these latest offerings will be welcomed.”
The latest move by Kensington Mortgages will be welcomed by many BTL landlords.
Kensington withdrew its buy-to-let purchase products during the Covid-19 outbreak.
Aside from withdrawing its buy-to-let purchase products, the specialist lender also pulled its buy-to-let purchase products and its eKo mortgage range which offers cashback for energy improvements made to the property.
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